NeoEarth Raises €1M Seed Round to Accelerate the Global Microalgae Market with Next-Gen Strains

Bordeaux, September 2025 – NeoEarth, a French deeptech startup specializing in the development of high-yield microalgae strains, has successfully closed a €1.025 million Seed round.

The funding was led by First Imagine! (UK), with the participation of Newfund, Climate Club, and Jeriko, Techmind’s investment club dedicated to backing ambitious entrepreneurs shaping the future of Food and Agriculture.

This round will allow NeoEarth to expand into a new state-of-the-art laboratory near Bordeaux, acquire advanced equipment, and grow its team to accelerate the commercialization of its high-value-added microalgae strains.

Neo Earth closes its €1M Seed Round!

Saïd Ihammouine And Charles-Antoine Boels, co-founders of Neo Earth.

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Microalgae: A Key Driver for Industrial Decarbonization

Microalgae play a critical role in maintaining the planet’s balance — one out of every two breaths comes from the oxygen they produce through aquatic photosynthesis.

When cultivated in controlled environments, these organisms transform light, CO₂, and nutrients into biomass, which can then be used to create proteins, lipids, natural pigments, and biomaterials.
These outputs serve diverse industries including nutrition, cosmetics, aquaculture, biofuels, and advanced sustainable materials.

The global microalgae market is projected to reach $24.4 billion by 2030, with an annual growth rate of +8%.

However, current production levels are insufficient to meet the growing demand, especially as industries seek low-carbon, bio-based solutions to replace traditional processes.

NeoEarth’s Innovation: Ultra-Productive Strains

Founded in 2022 in Bordeaux, NeoEarth is tackling this challenge by creating next-generation microalgae strains.
Its first patented strains have demonstrated the ability to:

• Double growth speed and molecule productivity (+100%),

• Significantly reduce production costs,

• Improve producers’ competitiveness and scalability,

• Drive industrial decarbonization through bio-based manufacturing.

“Our strains combine industrial performance with a positive environmental impact, enabling producers to scale efficiently while supporting the ecological transition,”
– Saïd Ihammouine, co-founder of NeoEarth

NeoEarth’s business model is built around licensing its proprietary strains to industrial partners, tailoring them to the specific needs of each sector — from nutrition and cosmetics to energy and biomaterials.

“Thanks to the support of both our long-term backers and new investors, we now have the resources to industrialize our strains and expand into new markets, particularly proteins and lipids,”
– Charles-Antoine Boels, co-founder of NeoEarth

Jeriko takes part to this Strategic Round to Scale Internationally

This second funding round, following a successful first raise in 2024, confirms NeoEarth’s technological maturity and marks a decisive step toward global industrial deployment.

The investment by Jeriko, Techmind’s investment club dedicated to sustainable food and agriculture, reflects its commitment to supporting deeptech startups with global environmental impact.

NeoEarth will use this funding to:

• Develop new families of molecules in parallel,

• Build strategic partnerships with international industrial players,

• Expand its team with engineers, technicians, and business developers,

• Position itself as a global leader in sustainable microalgae biotechnology.